This channel has formed after a good run of prices with increasing volumes, which can also be seen as a flag and pole. Target for Flag and pole would be 693.
Tuesday, May 5, 2009
Flag and Pole or channel in RelCap
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Relcap has been moving in a channel, since last 11 days and the draining volumes support the pattern. Today it broke out of the channel with good volumes confirming the BO. The target for the channel is 643.
This channel has formed after a good run of prices with increasing volumes, which can also be seen as a flag and pole. Target for Flag and pole would be 693.
This channel has formed after a good run of prices with increasing volumes, which can also be seen as a flag and pole. Target for Flag and pole would be 693.
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